Beloved ice cream chain is emerging from bankruptcy
Thifty Ice Cream, the beloved ice cream chain inside of Rite Aid stores, may be rebounding from bankruptcy.
The ice cream counter was a staple inside of Rite Aid locations. In early May, Rite Aid announced it was filing for bankruptcy for a second time as it looked for a buyer.
According to The Street, 500 hand-scooped ice cream counters inside Rite Aid were are set to close. Since these locations are inside the Rite Aid pharmacies, they couldn’t be sold as a separate asset, The Street reported at the time.
Now, it looks like the ice cream shops may have a buyer.
Fast Company, noting a bankruptcy filing, reports Rite Aid has chosen a successful bidder for its Thrifty Payless subsidiary.
According to Fast Company, the purchaser is Hilrod Holdings, a limited partnership with ties to Hilton Schlosberg and Rodney Sacks, top executives at energy drink behemoth Monster Beverage.
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